KBC Group NV Has $11.50 Million Holdings in HF Sinclair Co. (NYSE:DINO)

KBC Group NV cut its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 50.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,967 shares of the company's stock after selling 258,337 shares during the quarter. KBC Group NV owned about 0.14% of HF Sinclair worth $11,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Matrix Trust Co grew its position in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the 3rd quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV increased its holdings in HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after purchasing an additional 370 shares during the period. Finally, Bessemer Group Inc. increased its holdings in HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company's stock worth $71,000 after purchasing an additional 782 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DINO shares. Wells Fargo & Company decreased their price objective on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, October 9th. UBS Group reduced their price objective on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Mizuho reduced their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Finally, Scotiabank reduced their price target on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.27.

Insiders Place Their Bets

In other news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is owned by insiders.

HF Sinclair Stock Down 0.7 %

Shares of HF Sinclair stock traded down $0.31 during trading on Friday, reaching $42.18. The company had a trading volume of 1,395,879 shares, compared to its average volume of 2,004,426. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 26.04 and a beta of 1.18. The firm's fifty day moving average is $43.91 and its 200-day moving average is $48.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior year, the business posted $4.06 EPS. The company's revenue for the quarter was down 19.1% on a year-over-year basis. On average, analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.74%. The ex-dividend date is Thursday, November 21st. HF Sinclair's dividend payout ratio (DPR) is 123.46%.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.